Based On The Synthesis Of Chinese Stock Sentiment Index Research

The economic climate index has been familiar,but the stock sentiment index rarely mentioned.Actually,the stock sentiment index is similar to the role of economic sentiment index.As a way to predict market trends,the stock sentiment index can effectively help investors avoid systemic risk and assist investors to invest.Because the stock sentiment index directly associated with the interests of the investors,there is no agency department released relevant information,and within different organizations have different forms.As investors,whether individuals or institutions,it is necessary to make predictions about the market movements,in order to win in the fierce market competition.In this paper,based on the Shanghai composite index,leading indicators and consistent indicators of the stock market are the main research content,applying composite index approach to conduct leading index synthesis and consistent index synthesis,to achieve maximum prediction effect.In this paper,the data mainly comes from wind database,Chinese bond information network and accessing tongda letter software,To a large number of indicators,determining indicators correlation,consistency and stability mainly by using time relation analysis,generally it will be reasonable to apply composite index approach to conduct synthesis,after debugging,conduct leading index synthesis and consistency index synthesis,to achieve the purpose of forecasting market trends.As a result of the action of lagging indicator,this article only does the correlation analysis and does not focus on studying.According to the final results,consistent index has a good correlation with the Shanghai composite index and achieve 90% above,can accurately response the Shanghai composite index,leading index keeps 60.4% of the correlation with the Shanghai composite index,and the correlation in the volatility area is better,can give a clear signal to predict.